Oarsman Capital Inc. Lowers Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Oarsman Capital Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,206 shares of the restaurant operator’s stock after selling 112 shares during the period. Oarsman Capital Inc.’s holdings in Texas Roadhouse were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TXRH. HighTower Advisors LLC grew its position in shares of Texas Roadhouse by 1.7% in the third quarter. HighTower Advisors LLC now owns 8,244 shares of the restaurant operator’s stock valued at $1,468,000 after purchasing an additional 135 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Texas Roadhouse in the 3rd quarter valued at about $214,000. Quantinno Capital Management LP increased its stake in shares of Texas Roadhouse by 20.8% during the 3rd quarter. Quantinno Capital Management LP now owns 40,695 shares of the restaurant operator’s stock valued at $7,187,000 after acquiring an additional 7,017 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Texas Roadhouse by 31.5% in the third quarter. Stifel Financial Corp now owns 27,857 shares of the restaurant operator’s stock worth $4,919,000 after acquiring an additional 6,673 shares during the last quarter. Finally, State Street Corp grew its holdings in Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after purchasing an additional 38,723 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada dropped their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.36.

Insider Activity

In related news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $159.86 on Friday. The business has a fifty day moving average price of $175.08 and a 200 day moving average price of $181.77. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.